Chat Highlights From 6/7/2011
Pacific Time Zone
13:04:25 MKing when you see a stock chart going vertical like that, usually tail slides, like a stalled airplane
13:03:55 MKing good job baz. i felt strong that QIHU was going to tail slide, and we had enough time in that last 18 minutes
13:03:15 MKing later guys
13:00:56 Brent have a great night, good job today, see you in the morning
13:00:36 Kris goodnight everyone. see you in the morning.
12:45:33 MKing I mean QIHU short
12:45:19 MKing anyone take that EGHT short
12:42:38 MKing are you long freedmbound in EGHT?
12:42:02 MKing argh, late to see
12:41:57 MKing QIHU short
12:15:47 Brent have a good night EYES
12:12:00 MKing looks like more downside for OPEN coming
12:11:39 Kris ABVT ALERT
12:11:35 Kris ABVT ALERT
12:01:48 Kris still have last piece HRC long, see if it can make one more move up. stop under 45.94
12:00:50 MKing fmattos, there was a real negative article last night, actually an article about how accurate Muddy Waters Research has been. they are 5 for 5 on calling out bad companies. so i think this keeps it down until the company can build a campaign to dispute their claims. i was stopped yesterday on a wide stop. on SNOFF
12:00:14 Kris well played sir
11:59:49 Kris you get that on the open today candelas?
11:46:21 MKing nice lightning
11:45:01 MKing or the OPEN short idea 33 min ago
11:44:50 MKing anyone get the ACOR short earlier on Kris' alert?
11:16:26 Brent have a good night qwert
11:13:58 MKing hi Chromepez, I didn’t see your post. usually this kind of news and chart pattern doesn’t have a dead cat bounce, just a dead cat
11:12:15 MKing EYES, do you have a position in SNOFF? short long, entry price?
11:11:59 MKing watching OPEN for short
11:09:54 Kris SPY at resistance, see if it can push through
11:02:22 Kris out all CVC long
10:46:23 Kris break time. be back in 30
10:41:55 Kris I don't see anything in TLB at this price, maybe a breakdown of the low but it's too cheap for me here
10:41:21 Kris Chromepez, no need to apologize.
10:27:30 Kris good eye junior
10:27:25 Kris ACOR ALERT
10:22:53 Kris out another 1/4 HRC long
10:16:20 MKing also watching SINA for small short scalp
10:16:03 MKing looking at CRM for a small short scalp soon
10:00:57 Kris HRC consolidating, looking for a new high, next resistance will be around 46.00
09:52:29 Brent good job gecko, mhaus
09:51:24 Brent move stop to protect profits , next target 21.60 area on XL
09:48:52 Brent consider reducing XL if long
09:45:13 Kris it's not a bad idea qwert. maybe for a couple days, see if it can come down into 130 area.
09:43:05 Kris stop last 1/4 YOKU short over 34.07
09:42:28 Kris out another 1/4 YOKU short
09:39:28 Kris great kevin. thanks!
09:36:32 Kris watching for another new low in YOKU
09:36:03 Kris moving up stop on last 1/4 CVC to under 35.83
09:33:32 Kris look to cover most or all of WYNN short here
09:33:02 Kris I think that was mostly from experience truck
09:31:28 Kris out half HRC long
09:29:54 Brent watching XL for a bounce
09:26:38 MKing I asked because normally a parenthesis around a number in accounting means a negative number or loss
09:26:24 MKing good job mhaus
09:26:01 MKing mhaus, is that you bot TZOO at 58.35 and sold for 40 cent profit?
09:07:54 Brent and Tradestation is a good all around package from what I hear
09:07:33 Brent Interactive platform is slow so you can link Esignal to it to make it more efficient
09:06:47 Brent I don't care for Lightspeed charts, so I use Esignal with Lightspeed
09:06:11 Brent Welcome to the room Craig. Lightspeed, Interactive Brokers, and Tradestation are good for low commissions and short inventory
08:59:25 Kris I wouldn't take TIN short here junior
08:58:09 Kris stop second half YOKU over 35.07
08:57:36 Kris out half YOKU short
08:51:45 Kris watch WYNN for another fail
08:46:49 Kris stop last 1/4 under 35.57
08:46:34 Kris out another 1/4 CVC long
08:43:57 Kris kevin, please make sure you get in touch with TSA customer service today regarding your sessions.
08:40:45 Kris stop rest CVC long under 35.44
08:40:33 Kris out half CVC long
08:39:16 Kris if the SPY loses the could help this down too
08:39:01 Kris I would try to get at least a point out of it truck depending on your entry, then see if it can have a weak bounce followed by another leg down.
08:36:53 Kris spy coming into lod
08:32:37 Kris just broke support on the daily
08:31:38 Kris watching WYNN for a short here
08:27:36 Kris disregard my last post
08:27:26 Kris s
08:25:36 MKing looking for TZOO bottom
08:25:27 Kris yes uptick, I'm long
08:22:09 Brent great trade ScalpMan
08:21:37 Brent lol, now that's funny
08:20:18 Brent lol, no he's Kert rockstar
08:17:52 Kris We're going to try for Friday at the earliest krock.
08:17:37 Kris nice one SPRD bert
08:15:22 MKing watching $52.10 area to cover APH short
08:14:58 MKing usually, those two stocks trade in tandem, must have gotten unlinked in program trading
08:14:34 MKing surprised FFIV didn’t turn over with CRM
08:14:02 Kris that function is already built into the new platform
08:12:35 Brent Nice patience Scalp, good work
08:11:54 Brent you can trail your stop on the remainder of SPRD, see if we can get to 16.40 area
08:11:19 Brent we are working on that with the new platform Gecko
08:04:29 Brent thx Lightning, good job
08:01:14 Kris .37 uptick
08:01:09 Brent consider reducing more SPRD here
07:54:18 MKing not sure if ARIA will break below $8.50, important level to watch for
07:51:53 Kris watch SWKS over 25.00 steve, could have a pop
07:49:33 Brent next tgt $16 area on SPRD
07:48:31 Brent consider reducing SPRD
07:46:34 MKing 2nd short helping in ARIA here
07:45:49 Kris long second half CVC
07:45:19 Brent watching SPRD for a long
07:43:45 MKing correction on symbol: its MWV, Meadwest
07:43:12 MKing MMV turning over, watch for short
07:41:54 MKing watching for a short in APH
07:38:49 Kris SPY new hod
07:33:41 MKing if you shorted CRM, consider reducing here 142.50 area
07:32:42 Kris stop second half ARIA short over 8.63
07:32:24 Kris out half ARIA short
07:31:51 MKing if you shorted IP, consider covering here
07:31:39 Kris long half CRL
07:29:18 Kris looking for 8.46 on ARIA short
07:28:39 Kris looking to get my second half CVC soon
07:28:30 Kris stop CVC below 35.34
07:27:23 Kris ARIA short
07:26:50 MKing good call on DLTR short Rusty
07:21:51 Kris ARIA setting up nicely for a short soon
07:21:31 MKing yes fmattos, toppy SP500 just for a moment but could make higher highs later
07:21:07 MKing reluctant to short scalp any energy stocks
07:20:01 Kris CVC long half position
07:19:59 MKing IP turning over
07:19:51 MKing THANKS RUSTY
07:19:10 MKing watch for tops soon in ag-chemical stocks: MOS, MON, AGU, IPI, POT
07:19:02 Kris HRC long
07:15:46 MKing higher highs on SP500, high of day now
07:13:38 Kris watching ARIA for a short
07:12:40 Kris EXEL moving up today
07:12:34 MKing IP spike to $30.45 good price to sell, looks toppy here soon
07:12:15 Kris watching ADSK for a long
07:10:19 MKing FFIV toppy, CRM toppy
07:10:09 MKing DGX consider closing short, not lot of potential now
07:09:37 MKing IP tends to be a slower mover to peak, give it more time
07:09:06 Kris out all LO short
07:07:41 MKing the shorts should be just quickie ones, focus more on the long side throughout day
07:06:58 MKing also, not sure if posted CRM but same category as FFIV, watch for short on top of this bounce
07:06:35 MKing consider reducing FFIV around 108.25 here
07:04:56 MKing DGX shortable , little late, yes too late here unless 58.20
07:03:23 MKing watching AGCO for a short on top of this bounce
07:01:46 Kris looking for a new low in YOKU
07:01:23 MKing watching FFIV for bottom here
07:01:06 MKing watching IP closely for bottom soon
07:00:52 Kris out all SWKS long
07:00:19 Kris SWKS new highs
06:59:45 MKing getting some bounce in stocks now
06:57:59 Kris watching SINA for a long
06:57:26 Kris stop last 1/4 SOHU short over 72.76
06:57:03 Kris out another 1/4 SOHU short
06:56:21 Kris MAKO new lows
06:55:59 Kris see if SWKS can break .70
06:55:53 Kris SWKS moving up
06:55:18 Brent not liking BBY, needs to get moving, tighten stop if you entered
06:54:54 Kris LO still making new lows, going to hold that last 1/4 position
06:54:01 Kris JDSU buyout rumor
06:53:56 Kris JDSU ALERT
06:53:31 Kris stop second half SOHU short over 73.17
06:53:10 Kris out half SOHU short
06:52:58 Kris TPX short
06:52:42 MKing I like it rusty, PKG interesting short here
06:52:13 MKing watching the ag-chemical group for a bottom: MOS, POT, MON, AGU, IPI
06:51:59 Kris stop last 1/4 LO short over 99.07
06:51:43 Kris out another 1/4 LO short
06:51:24 Kris out all ERTS short
06:51:06 Kris watching SOHU for a new lod
06:50:25 Kris stop rest LO over 99.07
06:50:11 Kris out half LO short
06:49:58 Kris YOKU short
06:49:55 MKing be flexible on that target price with OVTI
06:49:36 MKing looking for around $33.50 to cover OVTI
06:49:20 Kris out all TSM long
06:48:40 Kris ERTS new lows
06:48:03 MKing watching FFIV for a long bounce, let it stop dropping, should drop below 107
06:47:51 Kris out all OVTI long
06:47:31 MKing OVTI toppy
06:47:15 MKing SINA rebound probably over here 110.35, consider selling
06:47:07 Kris SWKS consolidating, looking for a new hod. holding up against the market
06:46:40 Kris stop last 1/4 ERTS over 23.64
06:46:29 Kris out another 1/4 ERTS short
06:45:39 Kris if you got NAV long, look to take profit soon, resistance around 60.90
06:44:41 MKing TYC too late to short at this price but monitor if it rebounds to 49.20 area and doesn’t make new highs
06:44:20 Kris LO still looking weak
06:43:49 Kris stop last half TSM long under 13.93
06:43:39 Kris out half TSM long
06:43:21 Kris stop last 1/4 OVTI long under 33.66
06:43:06 Kris out another 1/4 OVTI long
06:42:50 Kris TIBX buyout rumor
06:42:42 Brent watching BBY for a bounce
06:42:22 Kris looking for new low in MAKO
06:41:29 Kris watching NAV for a long
06:41:11 MKing looking for a long entry in NAV
06:40:55 Kris stop second half OVTI under 33.43
06:40:40 Kris out half OVTI long
06:40:28 Kris stop second half LO short over 99.23
06:40:12 MKing monitoring IP for a potential long
06:40:08 Kris out half LO short
06:39:59 Brent ADBE takeover chatter
06:39:30 MKing looking for a bounce in SINA
06:38:37 MKing SUN toppy
06:38:15 MKing monitoring OVTI for a short, might take a while
06:37:58 Kris OVTI long
06:37:17 Kris TSM long half position
06:37:17 Kris TSM long half position
06:37:16 MKing looking for short in ROST
06:36:46 Kris stop rest ERTS short over 23.73
06:36:35 Kris out half ERTS short
06:36:05 MKing looking for a short in BAP soon
06:35:39 MKing watching for a bounce in EXPE
06:35:38 Kris SOHU short
06:35:08 Kris stop last 1/4 SWKS long under 24.26
06:34:57 Kris out another 1/4 SWKS long
06:34:45 Kris LO short
06:34:28 Brent watching NAV for a bounce, low $60's would be ideal
06:34:11 Kris stop rest SWKS long under 24.17
06:33:55 Kris out half SWKS long
06:33:15 MKing watching TIN for possible short
06:33:11 MKing watching AAPL for bottom
06:33:11 MKing watching AAPL for bottom
06:32:45 Kris SWKS long
06:32:16 Kris MAKO short
06:31:37 Kris ERTS short
06:31:19 Kris DG long
06:28:01 Kris 3 minutes. Good luck today everyone. Let's make some money!
06:26:59 Kris thanks guyhal
06:25:57 Brent good morning everyone
06:23:50 Kris We're going to try for end of this week or early next week TheGaryGuy
06:23:06 MKing not yet steve, still a good 6-7 weeks off for that
06:21:54 MKing I think we should start seeing the market turn around and start a 2-3 day rebound that will help the long swing trades. I don’t think it will be a strong robust rally and we should see some selling at the top of that rebound too. SO don't expect an uptrend, just a tradable rally what people call a "countertrend rally." that means a rally within a downtrend
06:17:54 Kris I think you guys are going to love the new trading room platform
06:17:15 Kris this morning I'm watching SWKS, CTXS, BZ, TIF, FRO, LULU and RIO
06:16:52 MKing Hi guys, we should have a new Trading Room platform either this Friday or Monday. Should be able to show a few charts on our screens
06:09:59 Kris anyone else having problems with staying connected to the room this morning?
06:09:59 Kris anyone else having problems with staying connected to the room this morning?
06:09:43 Kris ok, please keep me posted
06:09:03 Kris stevemld, are you having problems with the room?
06:08:53 Kris Good Morning Traders
13:07:27 guyhal also , Kris is amazing , but follow his trades in the first 15 min. to me looks like a turbo trader :)
13:01:19 observer Good night, Kris, Brent, MK, traders
13:01:19 rusty thx and goodnt all
12:59:53 baz6308 that is why I love scalping!
12:59:23 fmattos Yes I agree
12:59:06 baz6308 your comment in the AM about a rally in a down market rings true Mitch!
12:58:31 Terry eght is already on every ipad an iphone with there voip
12:56:27 baz6308 nice one Mitch QIHU ty
12:52:09 Chromepez One last question. Would it be wise to short Talbots (TLB) tonight before close? Based on your experiences, should the price continue to deteriorate after hours as well as an early morning sell-off. It’s at near daily lows.
12:51:42 freedmbound cloud storage
12:51:16 freedmbound They have 2 building being built next to each other in N.C
12:50:21 Terry apple is moving to the cloud big time
12:47:40 toptrade shorted qihu 25.30, covered 24.60
12:44:19 rusty EGHT supposedly going to be on CNBC tomorrow morning
12:44:11 toptrade already out
12:43:43 freedmbound They have something I believe going on with apple
12:43:43 stevemld no shares QIHU @tradestation grrrrr
12:43:20 toptrade shorted qihu but too fast to post
12:43:12 Terry I am at .60
12:42:28 fmattos There are only 18min left to the close Mitch
12:41:27 babak Feds report in 5 min
12:41:23 Terry good luck with eight
12:40:33 freedmbound thank u for responding
12:39:54 Terry june 8th
12:39:11 freedmbound hello new in. wondering about eight. help please
12:39:10 Terry eght.ceo will be on cnbc 9 am est
12:38:50 truck cover APA 118.87 plus 1.00
12:33:54 freedmbound mking wht do you think?
12:32:32 kevin5 Great job guys...thank you!
12:23:22 krock same here gecko but thanks for idea
12:22:44 gecko got out of crm early arghhhhhhhh
12:21:13 gecko remember go green its good for the earth
12:21:09 babak watching NXY for bounce
12:20:43 gecko good night everyone. thanks for another green day 8 for 9.
12:14:45 rusty from TPG
12:14:34 rusty ABVT reportedly received takeover bid
12:14:33 EYES -USE- A- STOP Good night everyone
12:01:59 fmattos Thanks Mitch
12:00:44 candelas 80.42 entry out at 82.10
11:59:55 candelas yes
11:55:09 fmattos Mitch, any thoughts on what is next for SNOFF?
11:52:16 candelas thanks Kris for ctxs
11:51:31 rusty ty kris
11:51:28 truck short,,,, APA
11:51:16 rusty whoever brought CVC to table, ty
11:46:49 truck watching APA
11:46:33 stevemld got plus.62 on ACOR
11:45:15 Lightning yes, just closed the OPEN short
11:45:05 Lightning yes, still short 1/4 position ACOR
11:37:26 Chromepez I brought up SNOFF early in the day, and I didn’t hear anything, so I passed on it myself. I could of used a kind word.
11:33:19 hammer thanks gecko for crm
11:32:37 gecko out for .5
11:30:42 gecko if u shorted crm at ema 200 keep tight stop
11:21:41 Rob nice call S OPEN MK
11:17:10 qwert Thanks you guys for a great day
11:17:07 EYES -USE- A- STOP was thinking of swinging long
11:16:50 Chromepez I appreciate your response. Just thought Talbot had true value, and the price drop was factored heavily by bots.
11:16:27 EYES -USE- A- STOP No I don’t
11:16:03 qwert You guys all have an awesome night. see ya in the am
11:08:01 EYES -USE- A- STOP Mking any thoughts on SNOFF
11:01:34 candelas would like more vol.
11:01:20 candelas watching logm
10:57:34 junior WTW just had a big mac, fries, and shake, putting some pounds back on in a hurry
10:45:19 rusty WTW losing weight
10:42:58 Chromepez So you don’t think it can make a run?
10:31:10 Chromepez Sorry to bother all, but is Talbot (TLB) ready for a dead cat bounce?
10:12:39 rusty TZOO bouncing
10:12:14 toptrade buy any dip in sina,maybe 104.50
10:06:41 krock FFIV
09:53:37 gecko I am looking for double bottom on xl
09:53:20 gecko thanks Brent. was late to enter though. will enjoy new platform. I like this type of trade you through out there.
09:51:59 mhaus another 0.15 on XL. This is good!
09:49:22 gecko quick one on xl thanks Brent
09:43:21 qwert Kris- what do you think about holding a small piece of wynn for swing short?
09:33:20 truck thanks, Kris
09:31:14 rusty use $XAL or FAA etf for indicator
09:30:23 rusty if not today next few days
09:30:13 rusty Airline sector worth watching for swing trade into weakness imo
09:27:24 Jsn13 ZLC spiking...ZUMZ acting really well for swing trade purpose...
09:27:07 mhaus I usually put loss as (-0.0)
09:26:30 mhaus thx
09:26:10 mhaus yes
09:26:08 baz6308 hrc to the moon,,,,,, nice
09:25:31 mhaus My first trade - TZOO 58.35 -> 58 .75 (0.40)
09:22:25 truck Kris you mentioned a weak bounce then another leg down.....You were correct.......Did you see that in the chart, or from experience ?
09:19:00 qwert Down goes wynn
09:08:20 ScalpMan I use tradestation and E-Trade: Charts and Scanner
09:07:15 gecko nice call on wynn kris
09:07:13 ScalpMan (...platform)
09:06:49 ScalpMan Kris...do you use the IB platform or E-Signal platform for trade entry?
09:06:29 craig thx
09:04:27 craig new to chat room. You can tell me later, but what kind of trading platform do you recommend?
09:03:25 rusty don’t chase DVAX but I think it can be bought on dips. FDA results expected July
09:00:27 junior Ok, thank you
08:58:25 rusty DVAX positive article out
08:53:03 junior Kris would TIN be worth a short here?
08:52:26 rusty NYX open again
08:46:55 kevin5 ok Kris
08:43:19 rusty NYX issuing special dividend
08:42:14 observer Thanx, Kris CVC
08:40:48 truck out half one point,,,,,WYNN
08:40:33 rusty NYX halted
08:40:27 toptrade third time00:39:56 toptrade long sina again
08:39:55 UpTick CVC going up while SPY goes down :>)
08:38:10 kevin5 nice trade Kris
08:37:19 truck Target Kris ?? WYNN
08:36:39 kevin5 Shorted WYNN 139.67
08:35:17 truck Good call Kris,,,,,,WYNN
08:35:09 ScalpMan TZOO out small profit...will look for re-entry
08:30:02 stevemld watching CMED for L
08:24:02 truck out quarter 101.82 ,, CMI
08:23:39 UpTick Kris, did u go long CRL?
08:23:15 frank1 OPEN
08:23:06 Terry groupon ipo is hurting tzoo
08:22:40 ScalpMan Thanks...Brent
08:22:35 rusty http://stockcharts.com/h-sc/ui?s=TZOO&p=D&yr=0&mn=6&dy=0&id=p17589241291 this is what I am watching on TZOO note the rsi
08:21:17 rockstar R U sure he is not Cert?
08:21:05 ScalpMan All out SPRD L great one Brent...thanks
08:20:49 ScalpMan SPRD topping
08:20:25 truck out half CMI
08:19:02 ScalpMan All out MWV ...small profit...0:18:56 rockstar if Brent is Burt r u Ernie Kris?
08:17:54 junior watching CELG
08:17:37 truck CMI
08:16:34 krock When will new platform be ready for prime time?
08:14:58 stevemld L SWKS 25.02 out 25.24 good call Kris
08:12:55 ScalpMan S MWV @ 33.08
08:12:35 babak Good idea Gecko
08:11:47 ScalpMan 1/5 SPRD L remaining...
08:11:39 observer There’s your pop in SWKS, Kris
08:11:18 candelas no not me
08:11:09 Jsn13 out SPRD too early...only managed to get .13...
08:11:04 krock FFIV
08:09:55 gecko one suggestion for tsa comments is to color code the names so that if we are following one persons trade we will know easier when that person made a comment
08:07:25 baz6308 swks another jem
08:03:39 Lightning Brent, SPRD is a gem! Thanks.
08:03:33 Reacher Got to bail out for today. See you on the flip side. Good luck.
07:59:50 UpTick L CVC 35.60 Kris, what’s your stop on this one?
07:52:17 stevemld thanks Kris
07:51:27 stevemld out SWKS breakeven still too strong to short
07:50:53 rusty DLTR might be setting up for another ss
07:50:30 rusty Im looking for a swingtrade long in TZOO if I see a little panic
07:47:40 gecko new lo tzoo
07:45:28 rusty I dont like to ss hi beta stocks after big pullback...they can bounce viciously
07:44:41 kevin5 SINA new lod
07:44:11 fmattos Did you place your second order in CVC Kris?
07:43:54 Lightning got it. thanks
07:43:45 Lightning MMV tiny volume. is this the right symbol?
07:41:28 stevemld SWKS sorry
07:40:45 rusty TZOO getting oversold a bit on daily chart - might be worth watching
07:40:11 stevemld S SKS 24.88 but still acting strong
07:37:19 rusty DLTR bouncing
07:36:45 Reacher I chickened out of ARIA at 8.50, lots of buyers around 8.49, 8.50
07:36:24 max nav
07:35:55 junior out ARIA short .49 out ADSK long .65 thanks guys!!
07:34:32 toptrade long sina 107.50
07:33:57 rusty ty for ARIA guys
07:30:29 rusty WEST moving up fast
07:28:54 jruiz target on ARIA
07:27:10 fmattos Kris STOP on CVC below 34.5?
07:25:49 toptrade out sina long at 109.50
07:25:32 Jsn13 adsk bouncing
07:21:58 candelas yes there is an opec meeting today
07:21:32 candelas I think there is an opec meeting today
07:21:24 Chromepez FFN rocketing.
07:17:27 rusty DLTR radar
07:16:01 Chromepez ZN also has a sharp downturn
07:14:24 toptrade sina
07:05:12 rusty slower play
07:04:57 rusty yes I am ss PKG ... it appears to be up on TIN sympathy
07:00:43 toptrade long sina 106.55
06:58:45 EJK rusty, did u short PKG?
06:56:55 randall watching sina
06:51:28 stevemld no shares @ tradestation YOKU
06:45:39 rusty PKG possible ss here
06:26:14 guyhal TLB down hard in large volume
06:22:20 TheGaryGuy When does the new trading room platform appear?
06:18:37 babak Looking forward to that.
06:18:20 stevemld swing trades too Mitch?
06:17:44 skydiver Yes -- looking forward to the new platform Mitch. Thanks!
06:09:31 stevemld kicked off couple times already might be prob on my end
06:09:18 james Good Morning from Green Bay, WI -- 2nd week in trading room
06:08:23 stevemld anyone having prob staying connected?
05:41:25 rockstar TIN got a takeover offer from IP
05:40:15 baz6308 does anyone know why TIN is up 9.14 this am?